51531 Gratiot Ave New Baltimore, MI 48051
- Warehouses
- 4,128 SF
- 10.20 lot acres
Current Use by Public Records
- Warehouses
Property Details for 51531 Gratiot Ave
- Year built
- 1991
- Lot size
- 10.20 lot acres
- Property size
- 4,128 SF
- Zone code
- M2 GEN
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 15-09-17-326-007
- APU
- 150917326007
Description
This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Chesterfield, Michigan. Strategically located at 51531 Gratiot Avenue, this property boasts high visibility due to its frontage along Gratiot Avenue and its proximity to 23 Mile Road. The site is currently vacant and zoned M-2, offering considerable flexibility for a range of commercial developments. A conceptual plan suggests potential for future storage facilities, though this is not a binding commitment. Access to the property is ensured via a shared curb cut along Gratiot Avenue, provided by the seller. The asking price is $799,000. This prime location in Macomb County, with its easy access to major thoroughfares, makes this land ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and zoning provide ample opportunity for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs alike. Detailed site plans and zoning information are available upon request. The property is situated behind the New Tidal Wave Auto Spa, providing additional visibility and potential synergy. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area. Don't miss out on this chance to secure a prime location for your next venture. The zip code is 48051.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,350,000
- 6.5%
- $1,200,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $1,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,335,000
- Retail
- $1,410,000
- Mixed-Use
- $1,410,000
- Hospitality
- $1,560,000
- Educational
- $1,220,000
- Residential Income
- $1,125,000
- Energy
- $1,525,000
- Income-Based Land
- $1,295,000
- Food Service
- $1,130,000
Location Insight
- Map
- Local Demand
- City
- Chesterfield
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8325
- Latitude
- 42.6796
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
